Market Forecast By Types (Air-to-Air, Air-to-Water, Water-to-Water), By Rated Capacity (Up to 100 kW, 100.1-250 kW, 250.1-500 kW, Above 500 kW), Rated Capacity, By Compressor Types (Scroll Compressor, Screw Compressor), By Operating Temperature Limit (Up to 20° C, 20° - 90° C, Above 90° C), By Industry Types (Manufacturing and Automotive, Pharmaceutical, Textile, Chemical & Others (Food, Dairy and miscellaneous)), By Regions (Northern, Southern, Eastern, Western) and competitive landscape
Product Code: ETC054437 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 87 | No. of Figures: 19 | No. of Tables: 8 | |
India Industrial Heat Pump market currently, in 2023, has witnessed an HHI of 8038, Which has increased substantially as compared to the HHI of 6292 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
India Industrial Heat Pump Market is expected to gain proliferation during the upcoming years on account of the growing demand for energy-efficient cost-effective appliances in various sectors. The growing initiatives taken by the government such as providing tax rebates and corporate tax credits are expected to flourish the India Industrial Heat Pump Market Growth. Moreover, increasing renewable rebate programs in the country are also driving the development of the market. Moreover, the advantages offered by the manufacturers such as low maintenance requirements, low carbon footprints, and high life-span is also contributing to the Industrial Heat pump market share.
India Industrial Heat Pump Market report thoroughly covers the market by types, rated capacity, operating temperature limit, regions, and industry types. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The India industrial heat pump market witnessed moderate growth during the period 2017-2019 as a result of the rising efforts by the industrial sector to reduce the costs of energy and environmental effects due to the emission of large amounts of carbon from industrial processes. Installation of heat pumps in the industrial sector has emerged as a viable option to save energy and reduce carbon footprint. Further, the continued government support in the form of initiatives and policies such as the “Make in India” initiative gave a boost to the manufacturing sector in the country, which in turn, bolstered the demand for industrial heat pumps in India during the recent past.
According to 6Wresearch, India Industrial Heat Pump Market size is projected to grow at a CAGR of 13.6% during 2021-2027. Industries are giving more emphasis on cost efficiency, and energy efficiency and making efforts to reduce their carbon footprints which would propel the demand for industrial heat pumps in the coming years with the rising applications in several industries including pharmaceutical, chemical, and food & beverage.
By type, the market is segmented into air-to-air, air-to-water, and water-to-water types of industrial heat pumps. The water-to-water and air-to-water segments have currently a dominating revenue share in the market with a cumulative market share of around 80% of the total market revenues in 2020. The water-to-water segment has the highest dominance in the overall market revenues as they require less electricity, city and provide high efficiency. By regions, the market is segmented into Northern, Southern, Eastern, and Western regions. The Southern region of India is currently at the top of the market due to the presence of a large number of industries in that area that are the end-users of the industrial heat pump market like pharmaceutical, textile, and many more.
On the basis of operating temperature limit, the up to 20°C and 20°C - 90° C segment captured the maximum share in the India industrial heat pump market in 2020. The 20°C- 90°C segment has dominated the overall market revenues in 2020 and is anticipated to continue to have the maximum share in the forecast period as the operating temperature limit of up to 20° C does not give efficient energy outcomes, thus most of the industries prefer to use heat pumps at an operating temperature that lies between 20° - 90° C.
On account of the outbreak of the COVID-19 pandemic, the industrial heat pump market in India saw a stark decline in market revenues due to the closure of industries and supply chain disruptions caused by the lockdown. Despite the decline in market revenues during 2020, the market is anticipated to recover by 2021 and return to a normal growth trajectory thereafter on account of several projects in the development pipeline such as the Atal Nagar Health ATMS project, Active Pharmaceutical Ingredients project, Dahej Hydrazine Hydrate project and several other projects in the chemical and pharmaceutical industry.
Some of the key players in the India Industrial Heat Pump Market are:
The report provides a detailed analysis of the following market segments:
TABLE OF CONTENT |
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. India Industrial Heat Pump Market Overview |
3.1. India Industrial Heat Pump Market Revenues and Volume, 2017-2027F |
3.2. India Industrial Heat Pump Market Industry Life Cycle |
3.3. India Industrial Heat Pump Market Sales Cycle |
3.4. India Industrial Heat Pump Market Ecosystem |
3.5. India Industrial Heat Pump Market Porter’s Five Forces Model |
3.6. India Industrial Heat Pump Market Revenue Share, By Types, 2020 & 2027F |
3.7. India Industrial Heat Pump Market Revenue and Volume Share, By Rated Capacity, 2020 & 2027F |
3.8. India Industrial Heat Pump Market Revenue Share, By Operating Temperature Limit, 2020 & 2027F |
3.9. India Industrial Heat Pump Market Revenue Share, By Regions, 2020 & 2027F |
3.10. India Industrial Heat Pump Market Revenue Share, By Industry Types, 2020 & 2027F |
4. Covid-19 Impact Analysis on India Industrial Heat Pump Market |
5. India Industrial Heat Pump Market Dynamics |
5.1. Impact Analysis |
5.2. Market Drivers |
5.3. Market Restraints |
6. India Industrial Heat Pump Market Trends |
7. India Industrial Heat Pump Market Overview, By Types |
7.1. India Industrial Heat Pump Market Revenues, By Types, 2017-2027F |
7.1.1. India Air-to-Air Industrial Heat Pump Market Revenues, 2017-2027F |
7.1.2. India Air-to-Water Industrial Heat Pump Market Revenues, 2017-2027F |
7.1.3. India Water-to-Water Industrial Heat Pump Market Revenues, 2017-2027F |
7.2. India Industrial Heat Pump Market Analysis for Types, By Operating Temperature |
8. India Industrial Heat Pump Market Overview, By Rated Capacity |
8.1. India Industrial Heat Pump Market Revenues, By Rated Capacity, 2017-2027F |
8.1.1. India Up to 100 kW Industrial Heat Pump Market Revenues, 2017-2027F |
8.1.2. India 100.1-250 kW Industrial Heat Pump Market Revenues, 2017-2027F |
8.1.3. India 250.1-500 kW Industrial Heat Pump Market Revenues, 2017-2027F |
8.1.4. India Above 500 kW Industrial Heat Pump Market Revenues, 2017-2027F |
8.2. India Industrial Heat Pump Market Volume, By Rated Capacity, 2017-2027F |
8.2.1. India Up to 100 kW Industrial Heat Pump Market Volume, 2017-2027F |
8.2.2. India 100.1-250 kW Industrial Heat Pump Market Volume, 2017-2027F |
8.2.3. India 250.1-500 kW Industrial Heat Pump Market Volume, 2017-2027F |
8.2.4. India Above 500 kW Industrial Heat Pump Market Volume, 2017-2027F |
8.3. India Industrial Heat Pump Market Analysis for Rated Capacity, By Compressor Types |
8.3.1. India Industrial Heat Pump Market Share for Rated Capacity, By Compressor Types, 2020 & 2027F |
8.3.2. India Industrial Heat Pump Market Revenues for Rated Capacity, By Compressor Types, 2017-2027F |
8.3.2.1. India Industrial Heat Pump Market Revenues for Rated Capacity, By Scroll Compressor, 2017-2027F |
8.3.2.2. India Industrial Heat Pump Market Revenues for Rated Capacity, By Screw Compressor, 2017-2027F |
9. India Industrial Heat Pump Market Overview, By Operating Temperature Limit |
9.1. India Industrial Heat Pump Market Revenues, By Operating Temperature Limit, 2017-2027F |
9.1.1. India Up to 20° C Industrial Heat Pump Market Revenues, 2017-2027F |
9.1.2. India 20°-90° C Industrial Heat Pump Market Revenues, 2017-2027F |
9.1.3. India Above 90° C Industrial Heat Pump Market Revenue, 2017-2027F |
10. India Industrial Heat Pump Market Overview, By Regions |
10.1. India Industrial Heat Pump Market Revenues, By Regions, 2017-2027F |
10.1.1 India Northern Region Industrial Heat Pump Market Revenues, 2017-2027F |
10.1.2. India Southern Region Industrial Heat Pump Market Revenues, 2017-2027F |
10.1.3. India Eastern Region Industrial Heat Pump Market Revenues, 2017-2027F |
10.1.4. India Western Region Industrial Heat Pump Market Revenues, 2017-2027F |
11. India Industrial Heat Pump Market Overview, By Industry Types |
11.1. India Industrial Heat Pump Market Revenues, By Industry Types, 2017-2027F |
11.1.1 India Industrial Heat Pump Market Revenues, By Manufacturing & Automotive Industry, 2017-2027F |
11.1.2. India Industrial Heat Pump Market Revenues, By Pharmaceutical Industry, 2017-2027F |
11.1.3. India Industrial Heat Pump Market Revenues, By Textile Industry, 2017-2027F |
11.1.4. India Industrial Heat Pump Market Revenues, By Chemical Industry, 2017-2027F |
11.1.5. India Industrial Heat Pump Market Revenues, By Others (Food, Dairy and miscellaneous) Industry, 2017-2027F |
12. India Industrial Heat Pump Market Key Performance Indicators |
13. India Industrial Heat Pump Market Opportunity Assessment |
13.1. India Industrial Heat Pump Market Opportunity Assessment, By Types, 2027F |
13.2. India Industrial Heat Pump Market Opportunity Assessment, By Rated Capacity, 2027F |
13.3. India Industrial Heat Pump Market Opportunity Assessment, By Operating Temperature Limit, 2027F |
13.4. India Industrial Heat Pump Market Opportunity Assessment, By Regions, 2027F |
14. India Industrial Heat Pump Market Price Trend Analysis |
14.1. India Industrial Heat Pump Market Average Selling Price, By Rated Capacity |
15. India Industrial Heat Pump Market Competitive Landscape |
15.1. India Industrial Heat Pump Market Revenue Share, By Origin, 2020 & 2027F |
15.2. India Industrial Heat Pump Market Revenue Share Ranking, By Companies, 2020 |
15.3. India Industrial Heat Pump Market Competitive Benchmarking, By Technical Parameters |
15.4. India Industrial Heat Pump Market Competitive Benchmarking, By Operating Parameters |
16. Company Profiles |
16.1. Carrier Air Conditioning & Refrigeration Ltd. |
16.2. GEA Group Aktiengesellschaft |
16.3. Johnson Controls International plc |
16.4. Midea Group Co. Ltd. |
16.5. Trane Technologies plc |
16.6. Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. |
16.7. Swegon Bluebox Private Limited |
16.8. Flamingo Heat Pumps |
16.9. Brio Energy Pvt. Ltd |
16.10. EcoTech Solutions |
17. Key Strategic Recommendations |
18. Disclaimer |
LIST OF FIGUERS |
1. India Industrial Heat Pump Market Revenues and Volume, 2017-2027F (INR Crores, Units) |
2. India Industrial Heat Pump Market Revenue Share, By Types, 2020 & 2027F |
3. India Industrial Heat Pump Market Revenue Share, By Rated Capacity, 2020 & 2027F |
4. India Industrial Heat Pump Market Volume Share, By Rated Capacity, 2020 & 2027F |
5. India Industrial Heat Pump Market Revenue Share, By Operating Temperature Limit, 2020 & 2027F |
6. India Industrial Heat Pump Market Revenue Share, By Regions, 2020 & 2027F |
7. India Industrial Heat Pump Market Revenue Share, By Industry Types, 2020 & 2027F |
8. Market Size of India Chemical Sector, 2017-2022F ($ Billion) |
9. Indian Pharmaceutical Sector, 2015-2019 (US $ Billion) |
10. India’s annual CO2 emissions, 2016-2019 (MtCO2) |
11. India Industrial Heat Pump Market Analysis for Rated Capacity, by Compressor Types |
12. GVA of Manufacturing at basic current prices, FY’16-FY’20 ($ billion) |
13. Gross Capital Formation of Manufacturing Sector at current prices, FY’16-FY20 ($ Billion) |
14. Annual Automotive Production- Two Wheelers and Cars, 2016-2025F (Thousand Units) |
15. Share of each segment in Total Automotive Production Volume (FY 2020) |
16. Revenue of Indian Textile and Apparel Sector 2020 and 2026F ($ billion) |
17. India’s Textile Trade FY 2016- FY 2020 ($ billion) |
18. India Industrial Heat Pump Market Opportunity Assessment, By Types, 2027F |
19. India Industrial Heat Pump Market Opportunity Assessment, By Rated Capacity, 2027F |
20. India Industrial Heat Pump Market Opportunity Assessment, By Operating Temperature Limit, 2027F |
21. India Industrial Heat Pump Market Opportunity Assessment, By Regions, 2027F |
22. India Industrial Heat Pump Market Average Selling Price, By Rated Capacity, 2017-2027F (INR Lakhs) |
23. India Industrial Heat Pump Market Revenue Share, By Origin, 2020 & 2027F |
24. India Industrial Heat Pump Market Revenue Ranking, By Companies, 2020 |
25. India Industrial Heat Pump Market Leading Domestic Manufacturers, 2020 |
LIST OF TABLES |
1. India Industrial Heat Pump Market Revenues, By Types, 2017-2027F (INR Crores) |
2. India Industrial Heat Pump Market Revenues, By Rated Capacity, 2017-2027F (INR Crores) |
3. India Industrial Heat Pump Market Volume, By Rated Capacity, 2017-2027F (Units) |
4. India Industrial Heat Pump Market Revenue Share for Rated Capacity, by Compressor Types, 2020 & 2027F |
5. India Industrial Heat Pump Market Revenues for Rated Capacity, by Compressor Types, 2017-2027F (INR Crores) |
6. India Industrial Heat Pump Market Revenues, By Operating Temperature Limit, 2017-2027F (INR Crores) |
7. India Industrial Heat Pump Market Revenues, By Regions, 2017-2027F (INR Crores) |
8. India Industrial Heat Pump Market Revenues, By Industry Types, 2017-2027F (INR Crores) |
9. Upcoming Pharmaceutical Projects in India |
10. Ongoing Projects in India Chemical Sector |